Marking the biggest sales dip in 11 months, US consumer spending cooled off in the first quarter, following the holiday season's strong showing. Year-over-year data, however, shows a healthy uptick of 5.4 percent.

The San Francisco-based skincare brand announced this Tuesday that it has signed an MoU with the South Korean vegetable research and development company to investigate new ingredients for personal care products.

Unilever reported a bigger-than-expected acceleration in Q4 sales growth on Thursday, helped by a stronger performance in emerging markets that saw the consumer goods maker end its tumultuous year on a higher note.